Penalty and Interest. Any installments of rent accruing under this Lease not paid when due shall be subject to a delinquency charge equal to five percent (5%) of the principal sum due. Annual payments shall bear interest as specified in Public Resources Code Section 6224 and the Lessor's then existing administrative regulations governing penalty and interest.
Penalty and Interest. Royalty payments which are not made when due and reports which are not delivered when due shall accrue penalty and/or interest as follows: If Lessee fails to pay a Royalty payment when due and such failure continues for more than fifteen (15) days after the Royalty payment was due, then Lessee shall pay to Lessor a penalty in the amount of one percent (1.0%) of the Royalty due or $100.00, whichever is greater. If Lessee fails to pay a Royalty payment when due and such failure continues for more than thirty (30) days after the Royalty payment was due, then Lessee shall pay to Lessor an additional penalty in the amount of one percent (1.0%) of the Royalty due or $100.00, whichever is greater. In addition to the penalty or penalties provided for above, Royalties which are not paid when due shall accrue interest at a rate per annum equal to the lesser of twelve percent (12.0%) per annum or the highest lawful rate of interest per annum that Lessor is permitted by applicable law to charge Lessee; such interest will begin to accrue on the day following the date on which such Royalty payment was due and shall continue until the Royalty payment is paid in full. Documents and reports which are required to be delivered by Lessee to Lessor pursuant to Section 3.F, Section 4 or Section 16.G of this Lease Agreement and which are not delivered to Lessor within twenty (20)days after the date due shall incur a penalty of $100.00 for each such late delivery. Lessee shall bear all responsibility for paying all Royalties and causing such Royalties to be paid in the manner prescribed in this Lease Agreement. Payment of the delinquency penalties set forth above shall in no way operate to waive the occurrence of any Event of Default or act to postpone the date on which any Royalties were originally due or any documents or reports were originally required to be delivered.
Penalty and Interest. Both a penalty and interest will be imposed for, but not limited to, late payments, improper or partial payments, and violation of any covenant of this Lease. Penalty and interest and fee schedules, as adopted by the Board, are effective immediately after approval. A current Penalty and Interest schedule is available on-line at xxxx://xxx.xxxxxxxxxx.xxxxx.xx.xx and through any office of the State Board of Land Commissioners.
Penalty and Interest. (1) If any Rent is not received within ten days following the date on which the Rent first became due, then TENANT must pay a late penalty of ten percent of the amount of the Rent in addition to the Rent.
Penalty and Interest. A penalty of $50.00 or 10% of the delinquent road tolls, whichever is greater, is assessed for failure to file a return or filing a late return. Interest is calculated from the date that road tolls were due for each month or fraction thereof until paid. A fraction of a month accrues a full month’ interest, interest is calculated at the rate of .5% per month. To avoid penalty for late filing, the IFTA return must be postmarked no later than midnight on the last day of the month following the close of the filing period. If a return is hand delivered, it shall be considered filed and received on the date that it was delivered to the Road Toll Bureau. If the due date falls on a weekend or holiday, the return is due on the next business day.
Penalty and Interest. If a licensee fails to file a return, files a late tax return, or fails to remit any tax due, the licensee is subject to penalty and interest. The penalty for failure to file a tax return when due or not paying the full amount due is the greater of fifty dollars ($50) or ten percent (10%) of the net tax due to all member jurisdictions. Interest is com- puted on all delinquent taxes due to each jurisdiction at a rate of two percent (2%) points above the Internal Revenue Code sec. 6621(a)(2). For further information on interest rates go to xxxxxx.xxx.
Penalty and Interest. If you don't file, file late, or don't pay your tax by the due date of the return, penalty and interest will be charged. Penalty is calculated at 10% of the tax due or $50, whichever is greater. Interest is due for each month the return is late according to the postmark. (One day late in a month makes the return late for the entire month). If no tax is due for a jurisdiction, no interest is due. If you overpay, no interest is added to your refund. The Form 3150 instructions has a chart for the applicable interest rate. If you make a partial payment, it's credited first to any interest, second to tax, and then to the penalty. For example: You file a return which is due April 30, 2017 with a tax due of $1,000, but you don't file it until June 7, 2017. You'll be charged a penalty of $100 and interest of $20 (one day or more into the month is considered a full month). The total due is $1,120. If the payment is $1,000 it would be applied as follows: Interest: $20 + Tax: $980 + Balance due: $120 ($20 tax plus the $100 penalty). Interest continues to apply to the unpaid tax balance of $20 until it is paid in full.
Penalty and Interest. For each Chargeable Parcel for which any installment of the Community Development Charge: (1) is not paid on or before the due date or dates established by the Board pursuant to Section 5.3, or (2) if such Community Development Charge was certified to the Auditor for collection on the tax duplicate pursuant to Section 4.4, is not paid on or before the dates for payment of real property taxes prescribed by Chapter 323 of the Revised Code, there may be added to the installment (a) a penalty of ten percent thereof (imposed at the same time that penalties for delinquent real property taxes are imposed pursuant to Chapter 323 of the Revised Code), (b) interest (imposed at the same time that interest on delinquent real property taxes is imposed pursuant to Chapter 323 of the Revised Code) on the sum of (A) the amount of such installment, (B) the interest that has accrued thereon for more than six months and (C) the penalty until paid at the greater of (i) the Late Payment Rate or (ii) ten percent per year (or the maximum rate permitted under Ohio’s usury laws, whichever is lower), and (c) any costs of the Community Authority incurred in connection with the enforcement of the Community Development Charge or any penalties, interests or costs thereon, including reasonable attorney fees. Any payments of less than the full amount will be credited first against the penalty and second against the interest accrued to the date of payment. The applicable penalties, interest and costs are part of the Community Development Charge. To the extent any of such penalties, interest and costs owing with respect to a Community Development Charge certified to the Auditor are not collected by the Auditor or otherwise collected by the Community Authority, such amounts may be added to the amount of the Community Development Charge imposed with respect to such Chargeable Parcel in the following year. Notwithstanding anything contained herein to the contrary, an Owner is not permitted to enter into an agreement pursuant to Section 323.31 of the Revised Code with respect to a delinquent Community Development Charge without the prior written consent of the Community Authority.
Penalty and Interest. If a licensee fails to file a report, files a late tax report, or fails to remit any tax due, the licensee is subject to penalty and interest. The penalty for failure to file a tax report when due is the greater of fifty dollars ($50) or ten percent (10%) of the net tax due to all member jurisdictions. For periods prior to July 1, 2013, interest is computed at 1% per month or part of a month, to a maximum of 12% per year. For periods on or after July 1, 2013, interest shall be set at an annual rate of 2% above the underpayment rate established under Section 6621(a)(2) of the International Revenue Code. Interest is computed at 1/12 this annual rate per month or part of a month from the date of the tax due for each month, or fraction thereof, until paid. Delinquent accounts will be subject to suspension.
Penalty and Interest. 3.3.3.1 If the borrower fails to repay the loan principal within the time limit agreed herein, the lender shall, on the basis of the overdue date of the execution rate of the loan, collect the penalty rate according to the overdue term: 100 from 30 days (including 30 days) from the overdue date Divide fifty (In words) the penalty interest; more than 30 days to 60 days (including 60 days) increased by 50%(In words) collect penalty interest; 60 days above five percent Pick up (in words) to collect penalty interest. During the overdue period, the penalty interest rate of fixed interest rate borrowing is fixed and unchanged; if the benchmark interest rate is adjusted by LPR and SOFR, the penalty interest rate shall be determined based on the borrowing rate according to the method agreed herein.
